Geothermal energy
The companies have agreed to study the development of geothermal energy in Indonesia to further the country’s goal of adding 3.3 GW of geothermal capacity by 2030.
Several projects have been scrapped across the US as inflation causes project costs to soar, while projects in Costa Rica and Rotterdam move forward.
An estimated $35 billion in investment is expected to pour into geothermal projects in Kenya and Ethiopia through 2050.
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The oil and gas industry-backed geothermal firm plans to drill up to 29 wells in southwestern Utah that will deliver electricity to the state's grid by 2026. -
Fervo Energy’s bet that fracturing methods can be used for geothermal power is looking like a winner.
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Registration is open for the SPE Europe Energy GeoHackathon, which will be held in October and November. It will be preceded by 4-week online bootcamp sessions on data science and geothermal energy, which will begin on 2 October.
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While innovation steadily advances technologies to produce geothermal energy, the determination of clearly defined laws and regulations is playing catch-up—state by state and case by case in courts. And until it does, scaling up of this promising energy source is at risk of being hamstrung.
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Geothermal energy’s advantages make it popular across multiple sectors, from residential to industrial applications. Primary applications, namely electricity, direct use, and ground source heat pumps, offer diverse energy sources. Details of these and some unconventional applications are discussed.
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Advantages for conversion of nonactive oil and gas wells to geothermal wells include deferred plugging and abandonment costs, safety and environmental concerns, and potential energy production.
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SPE and Project Innerspace are organizing the first Geothermal AInnovation Competition. Teams from around the world are invited to participate in this virtual competition aimed at showcasing the potential of AI-assisted work flows in the geothermal life cycle.
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A decade ago, SPE defined key R&D and technology challenges for the industry. To address the more uncertain environment of the 2020s and beyond, we have updated the grand challenges via a January 2023 SPE workshop.
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Putting into action an agreement signed in 2022, the companies will collaborate on the project to test the emerging technology for producing geothermal energy.
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Premier Corex and Teverra will be combining their efforts to aggregate data for companies involved in large-scale geothermal projects.
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